EVLN vs SCHD
Eaton Vance Floating-Rate ETF vs Schwab US Dividend Equity ETF
Which is better, EVLN or SCHD?
Bank Loan against Large Cap Value.
SCHD has a lower expense ratio. SCHD led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EVLN | SCHD |
|---|---|---|
| Expense Ratio | 0.60% | 0.06%Best |
| AUM | $1.5B | $112.1B |
| Dividend Yield | 6.76% | 3.00% |
| Holdings | 440 | 103 |
| YTD Return | +3.22% | +24.23%Best |
| 1Y Return | +4.54% | +27.90%Best |
| 3Y Return (annualized) | - | +15.55% |
| 5Y Return (annualized) | - | +9.97% |
| Volatility (annualized) | 2.0%Best | 13.2% |
| Max Drawdown | -2.8%Best | -16.1% |
| $10,000 over 2.6 years | $11,681 | $14,440Best |
| Fund Family | Morgan Stanley Investment Management | Charles Schwab Asset Management |
| Category | Fixed Income | Equity |
| Style | Bank Loan | Large Cap Value |
| Inception | Feb 6, 2024 | Oct 20, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 8, 2024 to Sep 17, 2026 (2.6 years).
EVLN vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
EVLN vs SCHD Performance
Eaton Vance Floating-Rate ETF (EVLN) is an ETF from Morgan Stanley Investment Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year EVLN returned +4.54% while SCHD returned +27.90%. Year to date, EVLN is up 3.22% versus a gain of 24.23% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 2.0% for EVLN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.8% for EVLN and -16.1% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.09. They move largely independently of each other.
Fees and Cost Over Time
EVLN charges 0.60% per year while SCHD charges 0.06%. On a $10,000 position that is $60 vs $6 annually, a gap of $54 per year that compounds over a long holding period. On income, EVLN currently yields 6.76% against 3.00% for SCHD.
Holdings Overlap
We hold position weights for 196 holdings in EVLN and 100 in SCHD, totalling 56.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 243 days apart, EVLN as of Dec 31, 2025 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 196 positions we hold weights for in EVLN and 100 in SCHD, against full books of 440 and 103.
You are not choosing between two funds in isolation.
Whichever of EVLN and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EVLN or SCHD?
EVLN has an expense ratio of 0.60% while SCHD charges 0.06%. SCHD is the cheaper option, by $54 a year on a $10,000 investment.
Which performed better, EVLN or SCHD?
Over the past year EVLN returned +4.54% vs +27.90% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EVLN or SCHD?
SCHD has been the more volatile fund at 13.2% annualized versus 2.0% for EVLN. Worst drawdown: EVLN -2.8% vs SCHD -16.1%.
Should I hold both EVLN and SCHD?
EVLN and SCHD have a monthly-return correlation of 0.09, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EVLN or SCHD?
EVLN yields 6.76% while SCHD yields 3.00%, so EVLN currently pays the higher dividend yield.
Is SCHD better than EVLN?
SCHD has a lower expense ratio. SCHD led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.